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The Deal Sheet

The Deal Sheet
Lee & Associates has completed a five-year lease for a 305k SF industrial building at 1365 Mitchell Blvd. in Schaumburg.
1365 Mitchell Drive
Lee's Jim Planey  and Jeff Janda repped the landlord, ProLogis. The tenant, JIT Packaging, was represented by Jones Lang LaSalle's  Frank Griffin and Dominic Carbonari.

Sales News
Kiser Group was recently hired by RBS Citizens/Charter One Bank to market a portfolio of mortgage loans secured by investment properties in Chicagoland. Kiser Group sold and closed 72 individual mortgage loans secured by 58 properties in the Chicago area, comprising more than 1,300 multifamily rental units. There were 12 separate buyers involved in these transactions.


CBRE's  sale leaseback and net leased properties group repped KS Coatesville PA  in the sale of a new 20-Year NNN lease, a 150k SF freezer/cooler distribution center at 201 Waverly Blvd, Coatesville, Pa. A private investor purchased the facility for $26M.


CBRE repped IFA III 88th Ave. LLC in the sale of 10100 88th Ave. in Pleasant Prairie, Wis. Rolfs Baking Co.  purchased the 57k SF industrial manufacturing building for an undisclosed price. Asking price was  $3.7M. CBRE's Keith PuritzBrett KronerRyan Bain, and Zach Graham repped the seller in the transaction, while Paine/Wetzel's Theresa Gleason negotiated on behalf of the buyer.

Leasing News
Sperry Van Ness' Ben Andrews repped Chicago Pet Sitters in the leasing of a 15k SF  space at 1880 W. Fullerton Ave. in Lincoln Park. The company will join the shopping center currently anchored by WhirlyBall, Card & Party Giant, and My Gym.


Titan Commercia l completed a 10k SF lease at 1806 S. Highland Ave. in Lombard. Titan's Ben Rosenfield repped the tenant, Health Resource Solutions, and assisted in its relocation. Cawley Chicago Commercial Real Estat e repped the tenant, StoneCreek Properties.


Barbara's Bookstore has signed a lease at  Burr Ridge Village Center, a 20-acre lifestyle center in Burr Ridge owned by Opus North Corp. The 7k SF is currently under construction and slated to open this month, with a portion of it commissioned to be a 2.5K SF community/reading room to be completed by December 2010. Barbara's Bookstore will be located at 810 Village Center Dr.

Executive Moves
Jean Dorans has joined Realogic Analytics. She assumes control over Realogic's due-diligence services and will contribute to Realogic's lease abstract/administration, financial analysis, budgeting- and debt-underwriting service offerings. Most recently at Blackstone Real Estate Advisors, Jean assisted in the transactions and closings of over $27B  of Equity Office dispositions and $2.5B of CarrAmerica Realty Corp. dispositions.


Ryan Turner  and Corey Siegrist have joined JLL's tenant rep group, Ryan as a VP and Corey as an associate. They join the company from Newmark Knight Frank's Chicago office where they partnered to provide commercial real estate solutions to clients across a wide breadth of industry sectors.

The Aon Center has received BOMA's   TOBY award in the over 1M SF category for office buildings. In the past year it also earned the Energy Star  label from the EPA and was recognized for its exceptional landscaping by Mayor Daley. The building is owned by Piedmont Office Realty  Trust and managed by JLL.

Construction News
Leopardo recently began renovation projects at two suburban libraries: Indian Prairie Public Library in Darien and Ela Area Public Library  in Lake Zurich. The Indian Prairie project is a renovation of the  43k SF, two-story facility at Plainfield Rd. and Clarendon Hills Rd. The project includes new carpeting, paint, fabrics, doors, furniture, plumbing and electrical work. PSA-Dewberry is serving as architect. Ela Area Public Library is undergoing a radio frequency identification improvement project and Leopardo is performing drywall, demolition, carpentry, and acoustical ceiling trade work.

Finance News
Loan origination requests were up for the second consecutive month, but continue to trail last year's totals through the first six months of the year, Cambridge Realty Capital Cos. chairman Jeffrey Davis reports. In June, Cambridge processed 19 loan requests totaling $243M, compared with 15 loans totaling $249M during the same month last year. In the first half, the Cambridge staff reviewed 132 origination requests totaling $1.7B, compared with 145 loans for $2.1B a year earlier.